Tesla Unit, Utility Near Deal In High Court Antitrust Fight

Law360 (March 7, 2018, 8:44 PM EST) -- An Arizona utility and a Tesla Inc. rooftop solar unit confirmed Wednesday that they're close to a settlement resolving an antitrust suit brought by Tesla, less than two weeks before the U.S. Supreme Court is to hear oral arguments over whether the utility is immune from the suit under the state action doctrine.

Tesla Energy Operations Inc. and the Salt River Project Agricultural Improvement and Power District said they've agreed to a memorandum of understanding that they expect to form the basis of a final resolution...